For how many years are Focus Cfo's audited consolidated financial statements provided?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying consolidated balance sheets of Focus CFO Group, LLC and Subsidiary (the Company) (a Limited Liability Company) as of December 31, 2024 and 2023, and the related consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022, and the related notes to the consolidated financial statements. In our opinion the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Focus CFO Group, LLC and Subsidiary as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — Financial Statements (FDD page 37)
What This Means (2025 FDD)
According to the 2025 Focus Cfo Franchise Disclosure Document, the company provides audited consolidated financial statements for three years. The independent auditor's report covers the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022.
This means that prospective franchisees can review Focus Cfo's financial performance over the past three years to assess the company's financial health and stability. Examining these statements allows potential franchisees to identify trends in revenue, expenses, and profitability, which can inform their decision-making process.
The inclusion of three years of audited financial statements is a common practice in franchising, as it provides a more comprehensive view of a company's financial history than a single year alone. The audit was conducted in accordance with auditing standards generally accepted in the United States of America.